2010 Year End Tax Tips for Landlords, Real Estate Investors, Vacation Home Owners

by Property Management Software on December 6, 2010

2010 Year End Tax Tips for Landlords, Real Estate Investors

2010 Year End Tax Tips for Landlords, Real Estate Investors

Landlords, Real Estate Investors, Rental Property Owners, Vacation Home Owners – it is important  to prioritize end  of the  year tax planning.

You can  keep  more  money  in your  pocket  by taking advantage of available tax benefits and by tapping  into new tax saving opportunities.

Take action now  to  SAVE on taxes! ACT BEFORE DECEMBER 31, 2010

Follow these top year-end tax tips and strategies for rental property owners.

1. Time Rental Income

2. Accelerate Rental Expenses

3. Tax Credit for Newly Hired Resident Property Manager

4.  Rental Business Employees Health Insurance Credit

5. Claim Home Office, Workshop, Garage Deduction

6. Hire Your Children and Put the Earned Money in IRA

7. Casualty, Disaster Losses

8. Claim Your Automobile Expenses

9. Claim Your Travel and Entertainment Expenses

10. Expense Repair Costs

Bonus Tips

1. Increase Rental Property Asset Depreciation Expense

2. Exclude Rental Income

Remember to take action before December 31, 2010!

Everyone’s tax situation is different, and this information should not substitute professional advice. Landlords, Real Estate Investors, Rental Property Owners and vacation home-owners should always consult with their tax advisors to consider specific factors that might affect their situation.

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